Bluestone Global (ASX:BUE) Inventory Turnover : 11.09 (As of Jun. 2013)

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What is Bluestone Global Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bluestone Global's Cost of Goods Sold for the six months ended in Jun. 2013 was A$20.1 Mil. Bluestone Global's Average Total Inventories for the quarter that ended in Jun. 2013 was A$1.8 Mil. Bluestone Global's Inventory Turnover for the quarter that ended in Jun. 2013 was 11.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bluestone Global's Days Inventory for the six months ended in Jun. 2013 was 16.45.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bluestone Global's Inventory-to-Revenue for the quarter that ended in Jun. 2013 was 0.01.

Bluestone Global Inventory Turnover Historical Data

The historical data trend for Bluestone Global's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bluestone Global Inventory Turnover Chart

Bluestone Global Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Inventory Turnover

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6.30

7.25

11.09

Bluestone Global Semi-Annual Data
	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Inventory Turnover	Get a 7-Day Free Trial			-	-	6.30	7.25	11.09

Bluestone Global Inventory Turnover Calculation

Bluestone Global's Inventory Turnover for the fiscal year that ended in Jun. 2013 is calculated as

	Inventory Turnover (A: Jun. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2013 )	/ (	(Total Inventories (A: Jun. 2012 )	+	Total Inventories (A: Jun. 2013 ))	/	count )
=	20.064	/ (	(2.321	+	1.296)	/	2 )
=	20.064	/	1.8085
=	11.09

Bluestone Global's Inventory Turnover for the quarter that ended in Jun. 2013 is calculated as

	Inventory Turnover (Q: Jun. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2013 )	/ (	(Total Inventories (Q: Jun. 2012 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )
=	20.064	/ (	(2.321	+	1.296)	/	2 )
=	20.064	/	1.8085
=	11.09

Bluestone Global (ASX:BUE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bluestone Global's Days Inventory for the six months ended in Jun. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2013 )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
	=	1.8085	/	20.064	*	365 / 2
	=	16.45

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bluestone Global's Inventory to Revenue for the quarter that ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2013 )	/	Revenue (Q: Jun. 2013 )
	=	1.8085	/	280.686
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bluestone Global Inventory Turnover Related Terms

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Bluestone Global (ASX:BUE) Business Description

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Website

http://www.bglcorporate.com

Bluestone Global Limited is a specialist labour hire, professional placement and international recruitment firm trading under three key brands: Bluestone Recruitment, ResCo Services and Bluestone International. The Group has core capabilities encompassing temporary, permanent and international recruitment with a focus on the skills and labour constrained industries, including energy (coal, oil & gas), resources, transport and logistics, information technology, health, aged care and financial services. The Company operates its business in three segments: labour hire segment, mining segment and international segment. The Labor Hire segment engages in the placement of temporary and permanent workers domestically and overseas. The Mining segment provides solutions to the resources sector including the delivery of skilled labour, operations of mining sites, maintenance of plant and equipment and the provision of critical spares and consumables. The International segment engages in placement of temporary and permanent workers in Australia, sourced internationally.

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